Copart, Inc. (NASDAQ:CPRT) Holdings Boosted by Outlook Wealth Advisors LLC

Outlook Wealth Advisors LLC raised its stake in Copart, Inc. (NASDAQ:CPRT) by 24.3% in the fourth quarter, HoldingsChannel.com reports. The fund owned 7,830 shares of the business services provider’s stock after buying an additional 1,532 shares during the quarter. Outlook Wealth Advisors LLC’s holdings in Copart were worth $449,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently made changes to their positions in the stock. Kieckhefer Group LLC bought a new stake in Copart in the 4th quarter valued at about $3,962,000. Sanctuary Advisors LLC boosted its position in shares of Copart by 21.2% during the third quarter. Sanctuary Advisors LLC now owns 52,767 shares of the business services provider’s stock worth $2,765,000 after buying an additional 9,222 shares during the period. Geode Capital Management LLC boosted its position in shares of Copart by 1.6% during the third quarter. Geode Capital Management LLC now owns 18,763,926 shares of the business services provider’s stock worth $979,547,000 after buying an additional 291,580 shares during the period. Kinsale Capital Group Inc. grew its holdings in Copart by 17.7% in the 3rd quarter. Kinsale Capital Group Inc. now owns 89,979 shares of the business services provider’s stock worth $4,715,000 after buying an additional 13,554 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in Copart in the 2nd quarter valued at approximately $5,418,000. 85.78% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. increased their price target on Copart from $55.00 to $60.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 19th.

Insider Activity

In other news, Director Matt Blunt sold 50,000 shares of the stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $57.66, for a total transaction of $2,883,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Diane M. Morefield sold 30,000 shares of the firm’s stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $58.01, for a total value of $1,740,300.00. Following the sale, the director now directly owns 20,000 shares of the company’s stock, valued at approximately $1,160,200. This represents a 60.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 650,213 shares of company stock worth $39,199,813 over the last 90 days. 9.68% of the stock is currently owned by company insiders.

Copart Trading Up 0.3 %

Shares of NASDAQ:CPRT opened at $56.40 on Thursday. Copart, Inc. has a twelve month low of $47.31 and a twelve month high of $64.38. The firm has a market cap of $54.34 billion, a P/E ratio of 39.72 and a beta of 1.31. The company has a 50 day moving average of $59.03 and a 200-day moving average of $54.66.

Copart (NASDAQ:CPRT) last released its earnings results on Thursday, November 21st. The business services provider reported $0.37 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.37. Copart had a return on equity of 18.96% and a net margin of 31.92%. The firm had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.10 billion. During the same period in the prior year, the firm posted $0.34 earnings per share. The firm’s revenue for the quarter was up 12.4% compared to the same quarter last year. Equities research analysts forecast that Copart, Inc. will post 1.57 EPS for the current year.

Copart Profile

Copart, Inc provides online auctions and vehicle remarketing services. It offers a range of services for processing and selling vehicles over the Internet through its Virtual Bidding Third Generation Internet auction-style sales technology on behalf of vehicle sellers, insurance companies, banks and finance companies, charities, and fleet operators and dealers, as well as individual owners.